Fuh Hwa 20 Etf Beneish M Score
| 00789B Etf | TWD 52.05 0.30 0.58% |
Fuh |
At this time, Fuh Hwa's M Score is inapplicable. The earnings manipulation may begin if Fuh Hwa's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Fuh Hwa executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Fuh Hwa's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.84
Beneish M Score - Inapplicable
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About Fuh Hwa Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Fuh Hwa 20's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fuh Hwa using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fuh Hwa 20 based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Fuh Hwa
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fuh Hwa position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fuh Hwa will appreciate offsetting losses from the drop in the long position's value.Moving against Fuh Etf
| 0.68 | 00715L | Paradigm SP GSCI | PairCorr |
| 0.51 | 006208 | Fubon FTSE TWSE | PairCorr |
| 0.5 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.5 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.46 | 00692 | Fubon TWSE Corporate | PairCorr |
The ability to find closely correlated positions to Fuh Hwa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fuh Hwa when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fuh Hwa - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fuh Hwa 20 to buy it.
The correlation of Fuh Hwa is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fuh Hwa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fuh Hwa 20 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fuh Hwa can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Fuh Etf
Fuh Hwa financial ratios help investors to determine whether Fuh Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fuh with respect to the benefits of owning Fuh Hwa security.